$2,050,000

Estimated payment $13,220/month

Total Views 277
8 Beds
8 Baths
4,736 Sq Ft
$433 Price per Sq Ft

About This Home

5418 Hermitage Avenue is a well-positioned 7-unit multifamily property in the desirable Valley Village neighborhood of Los Angeles, CA. Built in 1985, this property is exempt from the Los Angeles City Rent Stabilization Ordinance (RSO), providing flexibility for investors to adjust rental rates in alignment with market demand. The unit mix consists of one 2-bedroom/2-bathroom unit, five 1-bedroom/1bathroom units, and one studio, catering to a diverse tenant base including young professionals, small families, and individuals seeking proximity to urban amenities. The property benefits from a stable rental market in Valley Village, driven by its proximity to major employment hubs such as Universal Studios Hollywood (approximately 4 miles away) and the entertainment industry in nearby Studio City and North Hollywood. The unit mix supports strong rental income potential, with 2-bedroom units appealing to higher-income tenants and 1-bedroom/studio units attracting cost-conscious renters. Modern amenities, such as in-unit washer/dryer, dishwasher, and pet friendly policies (as seen in similar properties in the area), enhance tenant retention and reduce vacancy rates. From an investment perspective, the property offers a compelling opportunity for value-add strategies. Given its 1985 construction, selective renovations (e.g., updating kitchens, bathrooms, or common areas) could further increase rental income and property value. The absence of RSO restrictions allows for market-driven rent adjustments, maximizing cash f low in a neighborhood with consistent demand. Additionally, the property's location in a highly walkable and bikeable area with access to public transit (Laurel Canyon Station, 0.3 miles away) enhances its appeal to tenants, supporting long-term occupancy stability.

Listing Agent

Jeff Louks

Marcus & Millichap License #00908473 Listed on: 08/18/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Interior Spaces

  • 4,736 Sq Ft Home
  • 2-Story Property
  • Microwave

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 2 Parking Spaces
  • Covered Parking

Additional Features

  • 7,429 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 2347-013-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4736
  • Lot Acreage: 0.1705
  • Stories: 2
  • Year Built: 1985
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Equipment: Refrigerator, Microwave
  • Price Per S Q F T: 432.85

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 72.28
  • Assessed Improvement Value: 519324
  • Assessed Land Percent: 27.72
  • Assessed Land Value: 199128
  • Total Assessed Value: 718452
  • Assessor Parcel Number: 2347-013-021
  • Lot Size Area: 7429

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.59
  • Number Of Units: 7
  • Total Annual Expense: 65460
  • Type Of Units: Apartments
  • Vacancy Rate: 4886

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 For Sale $2,050,000 -- $433 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25579937

The MLS